The Psychology Behind Pricing Strategies: Why You Pay What You Pay
Ever wondered why a product costs $9.99 instead of $10? Or why luxury brands rarely go on sale? Pricing isn’t just about numbers—it’s about perception, behavior, and psychology.
Her
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Anonymous 3
Stealth • 1m
The anchoring effect is everywhere, right? The way a super expensive option makes everything else look like a bargain. Wow
PSYCHOLOGICAL MARKETING TECHNIQUES - 1/10
Anchoring Effect
The anchoring effect involves presenting a higher-priced product
first to make other options seem more affordable. This
psychological bias causes consumers to rely heavily on the first
Mind Games: The Decoy Effect 🧠💡
Ever feel like a third option makes one of the original choices suddenly more appealing? There's a reason for that: the Decoy effect!
Here's how it works:
⭐ Imagine you're choosing a phone plan:
* Option A: 2GB
India 1 questions are always around "what else"?
What else can I do to increase my wealth, status, lifestyle.
India 2 questions are always around "how"?
How to make money super fast, how to become famous overnight, how to look better, how to ge
Planning your MBA?
Option 1- You look for would be for a ISB or an IIM A/B/C. Now this is not easy to crack for 99% Indians and on top of it, it's super expensive.
Option 2 - Remaining MBAs are not that greatly valued by companies. Hence we look
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2 replies2 likes
Vishu Bheda
Stealth • 9m
So what is network effect?
A network effect is when each additional user adds value to the existing user base. So your users themselves are creating some value for the existing users.
So ,to understand better understand that google is the only one
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9 replies7 likes
Pavan
Stealth • 1m
Branding is super important for startups. It’s how people see and remember you. A solid brand helps you stand out, build trust, and connect with the right audience. Plus, it makes it easier to grow and stay consistent as your business takes off. Thin
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0 replies2 likes
Abhishek S Kulkarni
Stealth • 6m
Two screen shots from @zomato app. Look carefully and tell me if it makes sense to give the 'no. of quantity' option till I reach 50,000 max amount to pay. I know this particular restaurant can hardly sell 500 burgers a month.
And that too deliver i
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12 replies10 likes
Sairaj Kadam
Stealth • 1m
The Psychology Behind Pricing Strategies: Why You Pay What You Pay
Ever wondered why a product costs $9.99 instead of $10? Or why luxury brands rarely go on sale? Pricing isn’t just about numbers—it’s about perception, behavior, and psychology.
Her
Imagine you’re buying pizza for your friends, and you’re faced with these options:
Small: 4 slices for ₹100
Medium: 8 slices for ₹200
Large: 12 slices for ₹260 (with extra cheese!)
Now, let’s rule out the Small pizza—it’s obviously not enough for a
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1 replies5 likes
Dr Bappa Dittya Saha
•
Catalyst • 3m
Jump from one job to another. Switch industries. Try new roles, fail spectacularly, and then move on.
Have multiple affairs with your career choices—because how else will you find the one you truly love?
Don't let anyone tell you to settle for a j